SpaceX Is Now One of the World’s Most Valuable Privately Held Companies

Post by jondubois » Fri, Jul 28, 2017, 6:51 AM UTC

EduardoBautista wrote: post #55

BlackjackCF wrote: post #36

Earlier quoted context omitted.

Maybe not right now, but I wouldn't ever underestimate Bezos. Musk and Bezos are both people I wouldn't bet against, but they're so drastically different in their styles. Musk is flashy, but gets shit done. Bezos knows how to get shit done quietly... and suddenly he's dominated and bought everything around you.

Amazon has a load of terrible products. Even their store is getting worse and worse. The fire phone was a complete flop. Amazon cloud drive and music are not at all at the same level as their competitors. Google Home is looking as though it's going to surpass the Echo. Amazon is successful because they are fine with taking losses, only just recently making a small amount of profit compared to their scale.

Post by omarforgotpwd » Fri, Jul 28, 2017, 6:57 AM UTC

jdavis703 wrote: post #68

tertius wrote: post #46

Earlier quoted context omitted.

Budget, as in expenditure per year no market value.

The budget is what the general voting public values NASA at for a given year, while the market cap of a firm is what the last sucker to buy a stock thinks it's valued at.

Post by Consultant32452 » Fri, Jul 28, 2017, 7:05 AM UTC

narrator wrote: post #76

EduardoBautista wrote: post #55

Earlier quoted context omitted.

Amazon has a load of terrible products. Even their store is getting worse and worse. The fire phone was a complete flop. Amazon cloud drive and music are not at all at the same level as their competitors. Google Home is looking as though it's going to surpass the Echo. Amazon is successful because they are fine with taking losses, only just recently making a small amount of profit compared to their scale.

Amazon can fail a lot because money for private companies is a lot more expensive and harder to get than for public companies. Musk is playing on hard mode because he wants to retain control.

Post by halflings » Fri, Jul 28, 2017, 7:11 AM UTC

unityByFreedom wrote: post #120

gpawl wrote: post #105

Earlier quoted context omitted.

Whence this myth that Musk doesn't love money, just because he makes his money making cool tech? http://variety.com/gallery/elon-musk-buys-fifth-bel-air-home... http://www.businessinsider.com/elon-musk-mclaren-f1-hypercar... wrecked-it-2015-6

People feel practical businessmen are money-focused. They think folks who appear to "risk it all" are altruistic. Musk doesn't project the image of being practical. He claims to have almost gone broke when investing in Tesla/SpaceX, and now makes super-optimistic predictions: fully self driving cars in a year, and AGI in 2030-2040. To some, this sets him apart from the "money-focused" crowd. Yet, you can think of way…

Post by digi_owl » Fri, Jul 28, 2017, 7:14 AM UTC

Consultant32452 wrote: post #125

narrator wrote: post #76

Earlier quoted context omitted.

Amazon can fail a lot because money for private companies is a lot more expensive and harder to get than for public companies. Musk is playing on hard mode because he wants to retain control.

Musk claims he won't take SpaceX public because public investors have short attention spans and would require profit/return too soon. Because he wants goals set out further than the next quarter, he has kept the company in the hands of like minded investors. That may just be bloviating on his part, but it does seem at least sensible on the surface.